50 Cent starts boxing promotion company

50 Cent has now joined the likes of Don King, Bob Arum and Oscar De La Hoya by founding his own promotional company for boxing.

The rapper, who’s been involved in a variety of business dealings outside of music, is calling his company TMT Promotions. (TMT so humbly stands for “The Money Team.”) It’s already acquired a license in New York and is working on doing the same in Nevada. More from SI:

In addition to working with longtime friend and pound-for-pound king Floyd Mayweather, industry sources say TMT Promotions is expected to sign former featherweight title holder Yuri Gamboa and super middleweight contender Andre Dirrell.

This is a venture Mayweather, an entourage member of Mr. Cent’s (and vice versa), foreshadowed back in April. Only then, he mentioned 50 could also be getting into the ring. It remains to be seen if that will actually happen or if it was something that got missed during one of their stack-of-money business calls.